ABI and NEST join forces

The Association of British Insurers (ABI) and the National Employment Savings Trust (NEST) have formed a partnership.

The insurance and long-term savings trade body and the government-established workplace pension scheme said this will boost their relationship.

They have already been working together on key issues affecting the long-term savings industry, including the development of automatic enrolment and the pensions dashboard.

Dr Yvonne Braun, the ABI’s director of long-term savings, said: “The ABI and its members are committed to a well-functioning long-term savings market in the UK which is critical given our ageing society.

“NEST is playing an important part in this market and we share the desire to help millions of people enjoy a better retirement. I very much look forward to strengthening our sector’s ties with NEST.”

Zoe Alexander, NEST’s director of strategy, added: “We’ve worked closely with the ABI and their members for a number of years. Now we are formalising our partnership in a way that will open up new opportunities for us. For instance, NEST employees will be able to access personal development opportunities and join the ABI’s Talent & Diversity Network. This will support NEST as we continue to grow over the coming years.”